---
type: "Bill"
title: "Corporations; filing and meeting requirements."
description: "Corporations; filing and meeting requirements."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2023"
identifier: "SB 986"
citation: "Virginia SB 986 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Peake"]
version_count: 3
action_count: 24
vote_count: 5
first_action: "2023-01-06"
last_action: "2023-03-26"
source: "openstates"
source_identifier: "ocd-bill/4d881e85-1955-469f-aafb-fe7bd90e8b66"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB986"
source_hash: "bab43df95180d58a6fc2ae31e0cb19fa01af1bb60797587310d65c34cbbbf7ba"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia SB 986 (2023) — Corporations; filing and meeting requirements.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0530** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0530)
2. **Prefiled and ordered printed; offered 01/11/23 23103034D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB986)
3. **SB986ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB986ER)

## Votes

- VOTE: Block Vote Passage (99-Y 0-N) — **0–0** (fail) · lower
- Reported from Commerce and Energy (21-Y 0-N) — **0–0** (fail) · lower
- Reported from Commerce and Labor (14-Y 0-N 1-A) — **0–0** (fail) · upper
- Read third time and passed Senate (38-Y 0-N) — **0–0** (fail) · upper
- Constitutional reading dispensed (37-Y 0-N) — **0–0** (fail) · upper

## Sponsors

- Peake — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-01-06** Prefiled and ordered printed; offered 01/11/23 23103034D `filing, introduction`
- **2023-01-06** Referred to Committee on Commerce and Labor `referral-committee`
- **2023-01-16** Impact statement from SCC (SB986)
- **2023-01-16** Reported from Commerce and Labor (14-Y 0-N 1-A) `committee-passage`
- **2023-01-18** Constitutional reading dispensed (37-Y 0-N)
- **2023-01-19** Read second time and engrossed `reading-2`
- **2023-01-20** Passed by for the day
- **2023-01-23** Read third time and passed Senate (38-Y 0-N) `passage, reading-3`
- **2023-02-08** Placed on Calendar
- **2023-02-08** Read first time `reading-1`
- **2023-02-08** Referred to Committee on Commerce and Energy `referral-committee`
- **2023-02-09** Reported from Commerce and Energy (21-Y 0-N) `committee-passage`
- **2023-02-13** Read second time `reading-2`
- **2023-02-14** Passed House BLOCK VOTE (99-Y 0-N) `passage`
- **2023-02-14** VOTE: Block Vote Passage (99-Y 0-N) `passage`
- **2023-02-16** Enrolled `enrolled`
- **2023-02-16** Bill text as passed Senate and House (SB986ER) `passage`
- **2023-02-16** Impact statement from SCC (SB986ER)
- **2023-02-16** Signed by President `passage`
- **2023-02-16** Signed by Speaker `passage`
- **2023-03-02** Enrolled Bill Communicated to Governor on March 2, 2023 `enrolled`
- **2023-03-02** Governor's Action Deadline 11:59 p.m., March 27, 2023 `executive-receipt`
- **2023-03-26** Approved by Governor-Chapter 530 (effective 7/1/23) `executive-signature`
- **2023-03-26** Acts of Assembly Chapter text (CHAP0530)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4d881e85-1955-469f-aafb-fe7bd90e8b66`. Confidence: reported (aggregated from official Virginia legislature records).